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Sep 10, 2014
09/14
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>> detroit, under municipal bankruptcy detroit cannotting forced to sell off assets. i think the wall street creditors, the bond companies have concerns about their treatment relative to other creditors who have similar claim to being repaid. that's a lot of what the wrangling going on in court is about. >> maybe forced was a bad word, but they look at the pile of assets detroit owns and they say hey there is money in those assets, and you say you can't afford to pay us. >> on us. >> yes, there is this wall street-main street narrative used to characterize the bankruptcy controversy, but the wall street creditors are not saying take money away from pensioners and give it to us, they're saying you have not done enough. are you sure you can't raise taxes a little bit, and that art, it might be a good idea to sell off some of the art and pay us and give us a higher rate of recovery. it's not something that i think myself would lead to a better future for detroit, but this is a problem with bankruptcy. there are certain legal requirements that have to be wit with respecte
>> detroit, under municipal bankruptcy detroit cannotting forced to sell off assets. i think the wall street creditors, the bond companies have concerns about their treatment relative to other creditors who have similar claim to being repaid. that's a lot of what the wrangling going on in court is about. >> maybe forced was a bad word, but they look at the pile of assets detroit owns and they say hey there is money in those assets, and you say you can't afford to pay us. >> on...
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Aug 29, 2013
08/13
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are detroiters making a come back? ♪ all about detroit. we are focusing on the real challenge tonight. >> the future, and who is doing to benefit. our community always has opinions and also activity is already happening in detroit. how, there's a group that says wake up man. determines have been in charge for 50 years. and ten there's j.p. that says to get detroit back on its feet, we have to give money back. let's try that out. our community and you are the third host of the show, and we mean it. we read recall your tweets and facebook messages. they drive the discussion. so tonight, use of the #and join the conversation. he means it. many ways to be a part of our community. don't forget facebook, like us, send your ideas for stories that you think we should be covering. detroit hustles harder that's what residents are saying as they flip the city's negative narrative of bankruptcy crime and pose closures. juxtapose against the standard story of ruin, businesses are investing big in downtown detroit. but it might be the do-it-yourselfers
are detroiters making a come back? ♪ all about detroit. we are focusing on the real challenge tonight. >> the future, and who is doing to benefit. our community always has opinions and also activity is already happening in detroit. how, there's a group that says wake up man. determines have been in charge for 50 years. and ten there's j.p. that says to get detroit back on its feet, we have to give money back. let's try that out. our community and you are the third host of the show, and...
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Jan 15, 2014
01/14
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detroit. that's because it's sending the dollar up against canada's currency. that matters for detroit which sits on the detroit river between the united states and canada. detroit is an international trade hub linking both countries with the rest of the world and canadian's decline against the u.s. dollar has negative implication force american businesses for detroit and beyond. americans and canadians regularly cross the international border to visit each other and to shop. >> believe me, the timing between the two is generous on both sides. they come here and we go there. >> visit tours detroit has been bolstered by a strong canadian dollar. >> we do get a lot of canadian traffic that come here and spend the day here, which is great. they make it an outing. >> but that could change. the canadian dollar is weakened some 10% in the last year against the u.s. dollar with many predicting that it will weaken further in 2014. in border cities across the u.s.-canada boundary think seattle or buffa
detroit. that's because it's sending the dollar up against canada's currency. that matters for detroit which sits on the detroit river between the united states and canada. detroit is an international trade hub linking both countries with the rest of the world and canadian's decline against the u.s. dollar has negative implication force american businesses for detroit and beyond. americans and canadians regularly cross the international border to visit each other and to shop. >> believe...
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Aug 28, 2013
08/13
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that's the problem in detroit. they're supposed to have the backing of employees and residents-- >> and they don't. that's all the time we have. thank you, we appreciate the conversation. until next time we'll see you online. . >> welcome to al jazeera and this they were news hour. tonight our top story is syria. will the united states use military force against that country and when? >> president obama is speaking out about syria. he said he's considering a military attack when he called a shot across syria. he wants to deter the use of chemical weapons. offer in his interview he also said he has not made a final decision. >> i have
that's the problem in detroit. they're supposed to have the backing of employees and residents-- >> and they don't. that's all the time we have. thank you, we appreciate the conversation. until next time we'll see you online. . >> welcome to al jazeera and this they were news hour. tonight our top story is syria. will the united states use military force against that country and when? >> president obama is speaking out about syria. he said he's considering a military attack...
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Dec 3, 2013
12/13
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the detroit institute of art is a facility owned by the city of detroit. the corporation manages that facility for the benefit of detroit. those are detroit assets. they are different than pensioners, which are obligees that with have. we have to be fair and equitable in our treatment with all creditor classes, financial creditors, or retirees, pensioners, and the like, and that's what we're going to try to do. >> reporter: are you on track for [ inaudible ] >> well, we hope to stay on track. we had our map out. we had the tank full of gas, and the car was in the driveway. we're now heading down the road. but we have a long road ahead. but we're on track to keep our schedule to meet the requirements under the statute that ends basically at the end of september 2014. >> reporter: detroit is finally hit the bottom if you will. how soon before detroit is a better city? a city that people want to move to? a city that just doesn't feel safe, but is actually safe? how soon before detroit is relatively back on its feet in your honest opinion? >> okay. honest opin
the detroit institute of art is a facility owned by the city of detroit. the corporation manages that facility for the benefit of detroit. those are detroit assets. they are different than pensioners, which are obligees that with have. we have to be fair and equitable in our treatment with all creditor classes, financial creditors, or retirees, pensioners, and the like, and that's what we're going to try to do. >> reporter: are you on track for [ inaudible ] >> well, we hope to stay...
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Dec 4, 2013
12/13
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i under the detroit but michigan stayed out. it. detroit is michigan's responsibility as much as the governor might like to pretend otherwise. >> but do you have to do it for print, saginaw and others. >> i think you're going to see that story, i would be worried working with the cities. >> detroit is so big, how does it change the game going forward? >> well, i think certainly you have to treat detroit as it's own entity. dean mentioned that each city is different, and that's a point i would stress. many states have programs to intervene with distress before going to bankruptcy. it is an end game that no one wants to find themselves playing because it means that it's run--the city has run out of options and it really needs to renege on many of its promises. >> knowing what you do, do you think detroit could have avoided getting here? >> detroit could have avoided getting here if they had intervened earlier. no one was surprised when detroit filed for bankruptcy. the sad trust about detroit is that it's been on a long steady decline
i under the detroit but michigan stayed out. it. detroit is michigan's responsibility as much as the governor might like to pretend otherwise. >> but do you have to do it for print, saginaw and others. >> i think you're going to see that story, i would be worried working with the cities. >> detroit is so big, how does it change the game going forward? >> well, i think certainly you have to treat detroit as it's own entity. dean mentioned that each city is different, and...
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Jan 15, 2014
01/14
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you detroiters are proud of detroit. the outside workers look at detroit and says, "what a mess?", you guys say, "maybe it hit bottom, maybe it will be okay." >> this week is a good example, you said it $390 million. 50% better than moment superbowls generate. in there be up 10% from a year ago. that's a microcosm for the improvement we are seeing in detroit. i'm an investor, i think that detroit is a low discounted value stock. cheap stocks can stay cheap for a long time. importantly in 2014 the more catalysts are there to see if detroit sees a rebound after 30 years of secular deline. >> the class half full look stays can't get worse. >> they are stabilizing. >> when i look at the combination of job and income growth, compared to the u.s., 12 to 13 quarters, we have been growing faster. our debt is rated ccc minus by standard & poor's, the same rating from moody's is stuck at a depressed level. we have a long way to go. the catalysts are there for improvement. this is a tip-off to what can happen. >> there's one trick. you say metropolitan detroit. if you take the city out some
you detroiters are proud of detroit. the outside workers look at detroit and says, "what a mess?", you guys say, "maybe it hit bottom, maybe it will be okay." >> this week is a good example, you said it $390 million. 50% better than moment superbowls generate. in there be up 10% from a year ago. that's a microcosm for the improvement we are seeing in detroit. i'm an investor, i think that detroit is a low discounted value stock. cheap stocks can stay cheap for a long...
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Aug 26, 2013
08/13
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he thinks detroit can save itself one neighborhood at a time. what he's doing could be an inspiration for struggling cities everywhere. what happens when social media uncovers unheard, fascinating news stories? it drives discussion across america. share your story on tv and online. can you say stocktopussy? [[voiceover]] every sunday night, al jazeera america city to file for bankruptcy protection. the people living there have had to deal with problems like burned out streetlights that aren't replaced. garbage that's picked up intermittently, vacant homes, all kind of problems. where many see a dying city, this detroit entrepreneur sees opportunity. this motown maverick believes detroiter s save the city one neighborhood at a time. our patricia sabga explains. >> yo you could call him a hand on entrepreneur. >> i work with concrete, metal, wood. i stay away from electricity. way. >> he buys old buildings in detroit in disrepair, fixes them up and starts businesses. right now he's working on his latest venture, pony ride, a collective of almost 4
he thinks detroit can save itself one neighborhood at a time. what he's doing could be an inspiration for struggling cities everywhere. what happens when social media uncovers unheard, fascinating news stories? it drives discussion across america. share your story on tv and online. can you say stocktopussy? [[voiceover]] every sunday night, al jazeera america city to file for bankruptcy protection. the people living there have had to deal with problems like burned out streetlights that aren't...
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Oct 25, 2013
10/13
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and the fire sale in detroit. one man is on the mission to make sure that foreclosed properties stay in the hands of locals. have no fear the underdog is here. all of us fit the bill and we have more power than you might think. i'm david schuster in for ali velshi. and this is "real money." >> this is "real money" and you are the most important part of the show. join our live conversation for the next half hour by using hashtag aj real money on twitt twitter. today we received a worrying sign of how much you the consumeconsume--how much confide that you the consumer have in the economy. it's weighing down confidence, and when that happens it usually brings a drop in spending and causes a drag in the economy: yet, that has not stopped you from shopping. amazon, ford, reported an average profit gain of 9.2%. that's backed by a 6% up tick in revenues which means business has been good. regardless of dipping sentiments since the summer. consumers may be right most of the time, but in this case they appear to be doing
and the fire sale in detroit. one man is on the mission to make sure that foreclosed properties stay in the hands of locals. have no fear the underdog is here. all of us fit the bill and we have more power than you might think. i'm david schuster in for ali velshi. and this is "real money." >> this is "real money" and you are the most important part of the show. join our live conversation for the next half hour by using hashtag aj real money on twitt twitter. today we...
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Sep 19, 2013
09/13
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>> no, detroit is unique. this is a four-times larger than next largest bankruptcy and the amount of debt and the difficulties facing the city particularly, the massive depopulation that's occurred in the latter part of the century is something we haven't seen before. so the issues of the pensions is going to be one of the hardest ones and the health care benefits too. and making things particularly bad, it's important you understand this, all workers for private sector companies like airlines and retailers, we assure something, the bengs benefit guarantee corporation steps in like pension insurance. the loophole is being public agencies do not have that insurance. if the default is present. >> dr. john pottow, we'll ask you to day tuned and give us more information as it comes on. >>> coming up, buying in on obama there's more to financial news than the ups and downs of the dow. for instance, can fracking change what you pay for water each month? have you thought about how climate change can affect your groce
>> no, detroit is unique. this is a four-times larger than next largest bankruptcy and the amount of debt and the difficulties facing the city particularly, the massive depopulation that's occurred in the latter part of the century is something we haven't seen before. so the issues of the pensions is going to be one of the hardest ones and the health care benefits too. and making things particularly bad, it's important you understand this, all workers for private sector companies like...
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Oct 24, 2013
10/13
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. >> and even detroit zoo. home to more than 3300 animals including 280 species, a temping target because it could all add up. a healthy breeding giraffe can be sold for $80,000. >> the emergency manager is evaluating the value of everything that detroit owns. he has to demonstrate that he has examined everything in developing his plan of adjustment. >> that everything also includes more cuts for the city's beleaguered police force. at a time when it takes them an hour to respond to a 911 call, the fire department could also get trimmed, it's a new low for what was once the heart and soul of the automobile industry. grady bot both boatner knows we. >> don't abandon ship, we're not going to give up, we're going to keep pushing. that's life itself. >> even though grady may not be able to see the cracks in his squawk or his makes' boarded up house, he and his wife know detroit is a different city now. not the industrial mecca that diego rivera painted a century ago. its most famous jewels could be auctioned off am
. >> and even detroit zoo. home to more than 3300 animals including 280 species, a temping target because it could all add up. a healthy breeding giraffe can be sold for $80,000. >> the emergency manager is evaluating the value of everything that detroit owns. he has to demonstrate that he has examined everything in developing his plan of adjustment. >> that everything also includes more cuts for the city's beleaguered police force. at a time when it takes them an hour to...
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Dec 4, 2013
12/13
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detroit 's fire power left on the back burner. we spent a day and a night with the team. >> start with one issue education... gun control... the gap between rich and poor... job creation... climate change... tax policy... the economy... iran... healthcare... ad guests on all sides of the debate. >> this is a right we should all have... >> it's just the way it is... >> there's something seriously wrong... >> there's been acrimony... >> the conservative ideal... >> it's an urgent need... and a host willing to ask the tough questions >> how do you explain it to yourself? and you'll get... the inside story ray suarez hosts inside story weekdays at 5 eastern only on al jazeera america determining using some sort of subjective interpretation of their policy as to whether or not your particular report was actually abusive, because if it doesn't contain language that specifically threatens you directly or is targeted towards you specifically, they may not consider it abuse. they may consider it offensive. and in that case they just recomm
detroit 's fire power left on the back burner. we spent a day and a night with the team. >> start with one issue education... gun control... the gap between rich and poor... job creation... climate change... tax policy... the economy... iran... healthcare... ad guests on all sides of the debate. >> this is a right we should all have... >> it's just the way it is... >> there's something seriously wrong... >> there's been acrimony... >> the conservative...
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Sep 19, 2013
09/13
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. >> more than 100 retirees and detroit residents filed objection to detroit's bankruptcy declaration. today, those people will have a chance to voice their legal arguments in a hearing in front of a bankruptcy judge. what are we expecting to hear in the bankruptcy court today? >> well i can tell you many of these residents coming to federal court today are opposed to this filing, because many of former city workers, who receive a pension from detroit, and if this bankruptcy is approved, they risk losing some of their income, as well as their health benefits and they're not going to let that happen without a fight. >> with growing expenses and declining tax revenue, detroit can't even keep the street lights turned on, let alone afford to pay off its huge growing debt. the city's emergency manager appointed by governor rick snyder filed for chapter nine bankruptcy in july. >> i don't view this as a terrible answer in the sense that now's our opportunity to stop 60 years of decline. this is if you knowment. >> race riots in the 1960's, the flight of people to the suburbs, and decline of
. >> more than 100 retirees and detroit residents filed objection to detroit's bankruptcy declaration. today, those people will have a chance to voice their legal arguments in a hearing in front of a bankruptcy judge. what are we expecting to hear in the bankruptcy court today? >> well i can tell you many of these residents coming to federal court today are opposed to this filing, because many of former city workers, who receive a pension from detroit, and if this bankruptcy is...
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Feb 15, 2014
02/14
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bridging in 10 nouz -- bringing in 10,000 people a year in detroit to do what? is it the hope that people will be entrepreneurs, there's a different visa, the entrepreneur visa, perhaps they can access that. >> i was going to say, i understand that a lot of immigrants talk about the united states being the dream and goal as opposed to germany and europe. explain why. >> the united states has a prohibitive advantage of all the people vying for the talent pool, the best. >> the reason they come to the united states is they have an opportunity to get the best returns on what they put into themselves in no other places can you get returns that are significant, massive and gik. >> immigrants at the high end go to places where other immigrants are of the same type and natives of the same time. there's an immigration effect creating greater opportunities for all involved. >> certainly it's interesting. we appreciate you joining us on "real money". . >> thank you. >> the winter olympics in sochi put russia in the global spotlight. in the business world russia earned a p
bridging in 10 nouz -- bringing in 10,000 people a year in detroit to do what? is it the hope that people will be entrepreneurs, there's a different visa, the entrepreneur visa, perhaps they can access that. >> i was going to say, i understand that a lot of immigrants talk about the united states being the dream and goal as opposed to germany and europe. explain why. >> the united states has a prohibitive advantage of all the people vying for the talent pool, the best. >> the...
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Dec 3, 2013
12/13
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bisi onile-ere with the latest out of detroit. again, the breaking news, is the federal bankruptcy judge has ruled that detroit can continue and is eligible for file for bankruptcy. joining me now to talk about this decision is the president of the american college of bankruptcy. thanks for being with us. was this a forgone conclusion in >> in my view it was. and there were a lot of people in front of me who had the same view. >> what happens to these retirees and pensioners. you heard our reporter discuss how some of them really do depend on this chuck. >> well, time will tell. the plan that the city will propose and -- it is stated that it will propose by the end of the year should give pensioners come clue as to what the outcome will be. but what i suspect will happen is there will be further negotiations. the overarching legal issue is whether the court can impair pensioner's rights. their council will argue that state law prohibits a bankruptcy court from impairing their rights. that's what the negotiation will be about befor
bisi onile-ere with the latest out of detroit. again, the breaking news, is the federal bankruptcy judge has ruled that detroit can continue and is eligible for file for bankruptcy. joining me now to talk about this decision is the president of the american college of bankruptcy. thanks for being with us. was this a forgone conclusion in >> in my view it was. and there were a lot of people in front of me who had the same view. >> what happens to these retirees and pensioners. you...
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Dec 4, 2013
12/13
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i'm a captain of engine company no. 44 in detroit. i have been at this firehouse moist of my caree -- most of my. this firehouse the morale is good but it's the uncertainty of going through the bankruptcy and not nothin knowing what is goino happen six months from now are they going to come in and get rid of our jobs? we have certain streets here we go to all the time every week we have fires, fires, fires we need everything. we need rigs we need fire trucks right now. we need manpower. we are very low of manpower. >> the average age of a detroit fireman is it 45 years old. we haven't hired in five years our stuff is it used all the time w. we are always caught behind the eight ball they may run out of size se 10 10 boots and we havea budget of $40 million our lead erleaders are told to cut $10 million from our budget where do they look? they look at the fire department we generate few dollars for the city. >> and that is one reach we have not gotten any new equipment a lot of this situation has to do withow the city is doing. i love
i'm a captain of engine company no. 44 in detroit. i have been at this firehouse moist of my caree -- most of my. this firehouse the morale is good but it's the uncertainty of going through the bankruptcy and not nothin knowing what is goino happen six months from now are they going to come in and get rid of our jobs? we have certain streets here we go to all the time every week we have fires, fires, fires we need everything. we need rigs we need fire trucks right now. we need manpower. we are...
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Sep 2, 2013
09/13
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detroit is getting jobs in the city of detroit. we would not be headed to bankruptcy by the dictator governor rick schneider and kevin orr. we would be headed to a flourishing city if we could get jobs and education down in the city of detroit. >> why do you call the galvestonor -- governor the dictator? he's going to asia to increase tourism and trade. i get that. a lot of people believe he ought to be focused on bring more manufacturing to michigan. why do you call him the dictator? >> as we spread democracy across the world, even in syria, you know, right here in the city of detroit democracy has been dismissed. you know, i can vote for my city councilperson. i can vote for my mayor, but my city councilperson or mayor has absolutely no power at all taken over by the governor and the state of michigan, the city of detroit as well as seven or eight other cities across the state of michigan that just so happen to be minority-based cities. i mean, i think michigan and those who are under this emergency management are very clear that
detroit is getting jobs in the city of detroit. we would not be headed to bankruptcy by the dictator governor rick schneider and kevin orr. we would be headed to a flourishing city if we could get jobs and education down in the city of detroit. >> why do you call the galvestonor -- governor the dictator? he's going to asia to increase tourism and trade. i get that. a lot of people believe he ought to be focused on bring more manufacturing to michigan. why do you call him the dictator?...
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Dec 3, 2013
12/13
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the bankruptcy says that no one can try to collect money from detroit, and detroit will work out a plan to pay everyone something, less than they would be paid if they were getting paid in full, but something, and we'll try to share the pain across the board. what we're in now, we're at the beginning of the stage where kevin orr and his team will put in front of the court a plan a proposal to adjustment the debt and reduce the payments. the court will look at it, and while all this mediation is taking place with the bargaining unites, creditors, and they're trying to reach an agreement on the side, carry that in together, and hopefully this will be connecticut essential you'llly. >> michael sweet, a bankruptcy attorney and partner of potts roth child llc. thank you. >>> french investigators concluded that yasser arafat died of natural causes. this contradicts swiss conclusion there is he had a high level of radioactive polonium. >> some palestinians suspected foul play. now this new report from france raises new questions. >> reporter: in death as in life yasser arafat remains a lighten
the bankruptcy says that no one can try to collect money from detroit, and detroit will work out a plan to pay everyone something, less than they would be paid if they were getting paid in full, but something, and we'll try to share the pain across the board. what we're in now, we're at the beginning of the stage where kevin orr and his team will put in front of the court a plan a proposal to adjustment the debt and reduce the payments. the court will look at it, and while all this mediation is...
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Mar 1, 2014
03/14
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he hasn't made threats about leaving detroit. he himself financed over 60% of the building of comerica park, and now he's willing to finance 4%. i guess its diceyer and more uncertain investment now than it was back in 2000 when comerica park was finished. the look, the problem is this. ballparks and energies by them dungeon rate development. all of the evidence that we have says the same thing. you can't count on it. sometimes if there is a project an if the lease is very concessionary sometimes a sports product. but you're talking about detroit right now. it's. bankruptcy and talked about cutting pensions of retired city works by 20%. there are better ways to involvement money. there are interesting projects being discussed in detroit right now. they're talking about building a larger and more successful commercial point. those are places for money to be put. if you talked to city works, that could spur economic activity. we still have to look at this project critically and see the details that have not been fourth coming. >> t
he hasn't made threats about leaving detroit. he himself financed over 60% of the building of comerica park, and now he's willing to finance 4%. i guess its diceyer and more uncertain investment now than it was back in 2000 when comerica park was finished. the look, the problem is this. ballparks and energies by them dungeon rate development. all of the evidence that we have says the same thing. you can't count on it. sometimes if there is a project an if the lease is very concessionary...
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Oct 23, 2013
10/13
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shinola detroit, a luxury wrist watch factory could be based anywhere in the country. >> we came to detroit and met fantastic people in the business community and found the amazing energy about moving forward and less about the past. >> reporter: $11 billion have been invested in business here. the downtown landscape has seen a resurgence. buildings with vacant office space is filling up and residents are moving in from the suburbs. >> so i came down thinking i would spend two or three years having a decent job and then move out, and you move down here and there is so much more to the city than you imagined. >> reporter: some here even think of bankrupt detroit might help the city's revival. >> bankruptcy is a process that at the end of it will only improve city government and it's ability to deliver services. better services will be more attractive to long-term investors and to businesses, and more importantly residents. >> reporter: while the bankruptcy judge may decide the city's larger fate, small business versus already started writing detroit's future. joining me live is an attorney r
shinola detroit, a luxury wrist watch factory could be based anywhere in the country. >> we came to detroit and met fantastic people in the business community and found the amazing energy about moving forward and less about the past. >> reporter: $11 billion have been invested in business here. the downtown landscape has seen a resurgence. buildings with vacant office space is filling up and residents are moving in from the suburbs. >> so i came down thinking i would spend two...
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Apr 6, 2016
04/16
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detroit has changed me. for people who say, oh, i only photograph the negative of detroit, i beg to differ. i think i show the world that, hey, look at me. give me some help. come at me all you want, but detroit is my life and my love, and i will never, ever talk bad about her. >> tony now has more than 400,000 instagram followers, and he still photographs abandoned buildings both in detroit and beyond. that's our show for today. i'm ali velshi. thank you for joining us. >> ali velshi, getting to the heart of the matter. >> what if there were no cameras here, would be the best solution? >> this goes to the heart of the argument. >> people out here are struggling and just trying to get by with whatever they can. >> new york city has a higher level of inequality of wealth than honduras and india. >> people need to demand reform. >> it's coming together little by little. >> we're making it the best that we can. >> we're not deterred. we're building a historic project here. >> how big do you see this getting? >>
detroit has changed me. for people who say, oh, i only photograph the negative of detroit, i beg to differ. i think i show the world that, hey, look at me. give me some help. come at me all you want, but detroit is my life and my love, and i will never, ever talk bad about her. >> tony now has more than 400,000 instagram followers, and he still photographs abandoned buildings both in detroit and beyond. that's our show for today. i'm ali velshi. thank you for joining us. >> ali...
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Dec 4, 2013
12/13
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detroit is clear to go forward on bankruptcy. will it be the move that saves the city services. >> we need everything. we need rigs. we need fire trucks right now we need manpower. also tonight. lessons learned? the latest read on how u.s. students stack up and what it really says about american i hadcation. hadcation -- education. >> and fashion build. what role you play in one of the world's most polluted places. we take you inside of hell on earth. >> if you want to see what hell looks like. you come to the tannery and have a look at the tannery that should tell you how the hell looks like. ♪ >> good evening and thank you tr being with us. i'm joie chen. >> it was not much of a surprise detroit's financial concerns are well known and it produced every indication that something dramatic had to be done. >> as the city manager pointed out today now it's real bankruptcy court judge ruled that the city's chapter 9 filing can go forward and critically the pension of city workers are not protected. the detroit leaders now face new
detroit is clear to go forward on bankruptcy. will it be the move that saves the city services. >> we need everything. we need rigs. we need fire trucks right now we need manpower. also tonight. lessons learned? the latest read on how u.s. students stack up and what it really says about american i hadcation. hadcation -- education. >> and fashion build. what role you play in one of the world's most polluted places. we take you inside of hell on earth. >> if you want to see...
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Oct 9, 2013
10/13
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detroit has changed me, and for people who say, oh, i only photograph the negative of detroit. i beg to differ. i think i show the world that, hey, look at me. give me some help. come at me all you want, but detroit is my life and my love. and i will never ever talk bad about her. >> interesting side note, tony met his wife on instagram and they take pictures together throughout detroit. now final thoughts. in the midst of the government shutdown with children turned away from head start, veterans not getting benefits and so many government workers on furlough, the facility run with taxpayer money features a swimming pool, basketball court, steam room and showers even now janitorial staff are cleaning the jim and restocking the stalls with fresh towels. many republicans and democrats sleep in their office and use the gym to shower. the democrats have requested that it be shut down and it's called the spa act. while congressmen are able to frolic and shower in their gyms and the rest of the country shuts down, maybe, just maybe we're close to ending this thing. we'll look at the
detroit has changed me, and for people who say, oh, i only photograph the negative of detroit. i beg to differ. i think i show the world that, hey, look at me. give me some help. come at me all you want, but detroit is my life and my love. and i will never ever talk bad about her. >> interesting side note, tony met his wife on instagram and they take pictures together throughout detroit. now final thoughts. in the midst of the government shutdown with children turned away from head start,...
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Mar 12, 2016
03/16
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ALJAZAM
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detroit has changed me. and for people who say oh, i only attractive the negative of detroit, i beg to differ. i think i show the world that hey, look at me. give me some help. come at me all you want. but detroit is my life, my love. and i will never, ever talk bad about her. >> this story originally aired in 2013. tony now has over 400,000 followers on instagrams. he still documents abandoned buildings in drought but has expanded his work to others be places arld th around the world. the news continues here on al jazeera america. al jazeera america gives you the total news experience anytime, anywhere. more on every screen. digital, mobile, social. visit aljazeera.com. follow @ajam on twitter. and like aljazeera america on facebook for more stories, more access, more conversations. so you don't just stay on top of the news, go deeper and get more perspectives on every issue. al jazeera america. ♪ ♪ ♪ ♪ >> thanks for joining us on "america tonight," i'm joie chen. this week we marked international w
detroit has changed me. and for people who say oh, i only attractive the negative of detroit, i beg to differ. i think i show the world that hey, look at me. give me some help. come at me all you want. but detroit is my life, my love. and i will never, ever talk bad about her. >> this story originally aired in 2013. tony now has over 400,000 followers on instagrams. he still documents abandoned buildings in drought but has expanded his work to others be places arld th around the world....
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Feb 15, 2014
02/14
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bring people to detroit, to do what? if it is a hope that these people will be entrepreneurs, it's called the entrepreneur visa, and perhaps they could try to access that. >> a lot of immigrants talking about the united states is the ultimate dream instead of places like germany, explain why. >> the united states has the advantage for all the people who vie for the same people for the very best. the reason why they come to the united states is because they have an opportunity to get the best returns on what they have put in themselves, into their own human capitol, their education, their experiences. in no other places can you see returns that are massive and quick. immigrants at the high end go to places where interest are other immigrants of the same type. there is an immigration affect that greats greater opportunities for all involved. >> this is certainly interesting discussion. thank you for joining us on "real money." >> the winter olympics in sochi has put russia in the global spotlight, but in the business world
bring people to detroit, to do what? if it is a hope that these people will be entrepreneurs, it's called the entrepreneur visa, and perhaps they could try to access that. >> a lot of immigrants talking about the united states is the ultimate dream instead of places like germany, explain why. >> the united states has the advantage for all the people who vie for the same people for the very best. the reason why they come to the united states is because they have an opportunity to get...
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Sep 15, 2013
09/13
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here is one from south-west detroit. a lot of houses look as if it was abruptly abandoned - clothes in the draws, food in the refrigerator. one of my favourite interor abandoned houses. and the abandoned brewster projects. it was open in 1935 - the first low income housing in the country. the history is here. smokey robinson played basketball here and lived here. lily tomlin, aretha franklin - a lot of mow town lives here. a few instances where i was threatened was in the brucer center - a lot of gangs - which is why they are tearing it down. the eco system from a blighted community is drugs. we are on the east side of detroit. it's overrun with cipt. it's one of the most blighted parts of the city that i have known. they are either boarded up, burnt down or - hold on, bumpy ride - or they have turned into drug houses. i don't think anyone lives on this block whatsoever, which is why the road is in disrepair. okay. damn it, this is not good. the people in the doorway. it's one of the most dangerous areas of the city. the
here is one from south-west detroit. a lot of houses look as if it was abruptly abandoned - clothes in the draws, food in the refrigerator. one of my favourite interor abandoned houses. and the abandoned brewster projects. it was open in 1935 - the first low income housing in the country. the history is here. smokey robinson played basketball here and lived here. lily tomlin, aretha franklin - a lot of mow town lives here. a few instances where i was threatened was in the brucer center - a lot...
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Dec 26, 2015
12/15
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a detroit city. although it detailed the peak in the city, it says signs of a decline were already there. i asked him what inspired him to write the book >> i wasn't expecting to write a book about detroit until the bowl in 2011, during half-time watching the super bowl, and it saw a-- i saw a commercial. first i saw the highway sign that said detroit and that made me pay attention and then all of these iconic images of detroit, the joe illegal use, the-- lewis, heavy weight champ, murals of detroit history, and eminem, walking into the gloryous faction theatre, a black rising, and eimen pointing and saying this is the motor city. this is what we do. i choked up. they were just selling chryslers, but it meant a lot to me t i thought about what it gave america and what i could write >>> you focused on the year, 1963. tell us why. >> this was a period when detroit was booming. there are four main themes or threads of the books. automobiles, music, motown, the sown track of my generation, the labor move
a detroit city. although it detailed the peak in the city, it says signs of a decline were already there. i asked him what inspired him to write the book >> i wasn't expecting to write a book about detroit until the bowl in 2011, during half-time watching the super bowl, and it saw a-- i saw a commercial. first i saw the highway sign that said detroit and that made me pay attention and then all of these iconic images of detroit, the joe illegal use, the-- lewis, heavy weight champ, murals...
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Jan 27, 2016
01/16
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, one of the golden years for detroit. the cracks were beginning then? >> absolutely. >> sociologists at the university that year issued a report largely ignored that said that detroit was on its way to losing half a million people by the end of the 1960less, and the depopulation would continue for the foreseeable future, stripping the city of the a tax base. part was the auto industry, the industry moving away from detroit. part was the history of racial detention, and the unwilling aspect which blacks in detroit, called nig roe removal. they were showing the signs of weak innocence. what did the mood by the auto industry to leave, to get out of detroit, what did it do for the city. it was short-sited. the movement was out of detroit. it began before 1963. moving plants to different cities and states and really into the world, but importantly leaving detroit emotionally. that was the key. when we talked to autoexecutives, they regret they left behind the heart of detroit. they built the auto industry. they were left behin
, one of the golden years for detroit. the cracks were beginning then? >> absolutely. >> sociologists at the university that year issued a report largely ignored that said that detroit was on its way to losing half a million people by the end of the 1960less, and the depopulation would continue for the foreseeable future, stripping the city of the a tax base. part was the auto industry, the industry moving away from detroit. part was the history of racial detention, and the...
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Apr 20, 2014
04/14
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detroit celebrates music. here again is bisi onile-ere. >> long before mo town, this was the sound of the city. >> the detroit symphony orchestra, a symbol of success. a surplus of 20 million, ticket sales bringing in 10,000 donors, and a concert featuring steven spiel berg and john wilson sold out in is a minutes. it's music to everyone's ears, and a surprise considering the institution was silenced forever. >> we went through cuff times, during the financial coppals the orchestra was on the brink. stayed funding dropping. >> ticket sales plunged. audiences down 40-50%, plus a deficit of 6.5 million. with a musician contract, reinforced contracts, the symphony rebounded and is if the black. >> this is a reason for the turn around where every concert is broadcast to the world. it's the only one to streamline for free. the webb casts viewed by hundreds of thousands of people. there are studies that showed people who consume certain content on the internet who are far more likely to consume it live as well. >> g
detroit celebrates music. here again is bisi onile-ere. >> long before mo town, this was the sound of the city. >> the detroit symphony orchestra, a symbol of success. a surplus of 20 million, ticket sales bringing in 10,000 donors, and a concert featuring steven spiel berg and john wilson sold out in is a minutes. it's music to everyone's ears, and a surprise considering the institution was silenced forever. >> we went through cuff times, during the financial coppals the...
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Jan 20, 2016
01/16
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simply put, there are not enough jobs in detroit. and this will be president obama's 18th visit to michigan, his visit will be a short one. he'll arrive just afternoon, and wrap up around 5:00. bisi onile-ere, al jazeera, detroit. >>> and as for that bailout, it cost taxpayers less than many expected. georgia loaning gm and chrysler as much as $80 million back in 2009. five years later most of that was paid back. taxpayers left on the hook for about $9 billion in unpaid debt. it saved more than 4 million jobs by keeping gm and chrysler afloat. >>> donald trump welcomes the support of sarah palin in the final push before iowa. and -- armed attackers storm a university in pakistan. >>> in politics, donald trump is in iowa after receiving his biggest endorsement yet. former vice presidential candidate, sarah palin. the former governor of alaska making that announcement at a racous speech in iowa. >> only one candidate's success proves he is the master of the art of the deal. he is beholden to no one but we the people. how refreshing. he
simply put, there are not enough jobs in detroit. and this will be president obama's 18th visit to michigan, his visit will be a short one. he'll arrive just afternoon, and wrap up around 5:00. bisi onile-ere, al jazeera, detroit. >>> and as for that bailout, it cost taxpayers less than many expected. georgia loaning gm and chrysler as much as $80 million back in 2009. five years later most of that was paid back. taxpayers left on the hook for about $9 billion in unpaid debt. it saved...
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Dec 8, 2015
12/15
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images of detroit. the great heavyweight champ, the wonderful murals, and the rapper driving down a main thoroughfare of detroit, a black gospel choir rising in song and eminem pointing at the camera saying this is the motor city. i choked up seeing that ad. i was born in detroit and it got me thinking what detroit gave america and how i could write about that. >> you focus on the year 1963. tell us why. >> this was a period when detroit was booming. and there are four main themes or threads of the book. auto industry, obviously, music, motown, the soundtrack of my generation, the labor government in america, the united auto workers was really the heart of the labor movement, and civil rights. detroit was key to civil rights during that period. so that allowed me to focus intensely on those themes. i set up an oil rig somewhere and dug as deeply as i could, and that allowed me to show what detroit gave america but also the seeds of its collapse. >> this was one of the golden years for detroit, but the c
images of detroit. the great heavyweight champ, the wonderful murals, and the rapper driving down a main thoroughfare of detroit, a black gospel choir rising in song and eminem pointing at the camera saying this is the motor city. i choked up seeing that ad. i was born in detroit and it got me thinking what detroit gave america and how i could write about that. >> you focus on the year 1963. tell us why. >> this was a period when detroit was booming. and there are four main themes...
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Apr 6, 2016
04/16
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detroit has changed me. for people who say, oh, i only photograph the negative of detroit, i beg to differ. i think i show the world that, hey, look at me. give me some help. come at me all you want, but detroit is my life and my love, and i will never, ever talk bad about her. >> tony now has more than 400,000 instagram followers, and he still photographs abandoned buildings both in detroit and beyond. that's our show for today. i'm ali velshi. thank you for joining us. [ ♪ ] >>> everything you are looking at at some point were covered with water. a lot of people want to move away, they can't afford to sell their house, throw another well. >> how did we get to this point. >> assuming that water would never run out.
detroit has changed me. for people who say, oh, i only photograph the negative of detroit, i beg to differ. i think i show the world that, hey, look at me. give me some help. come at me all you want, but detroit is my life and my love, and i will never, ever talk bad about her. >> tony now has more than 400,000 instagram followers, and he still photographs abandoned buildings both in detroit and beyond. that's our show for today. i'm ali velshi. thank you for joining us. [ ♪ ]...
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Oct 14, 2014
10/14
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different story than detroit. but is the chinese buying iconic properties in detroit a signal that people should get back in to detroit? >> i think it is. i think that the economy and the world economy tends to follow leaders and at this point in time the chinese team sob a leadeseem to bea slider in inven new york and san francisco and bid up prices very high, they are now seriously looking at detroit and will influence a lot of buyers in china to come back and look at detroit. the upside is very, very good if the upside is stronger than in new york or san francisco. >> i would agree with that. all right, alan great conversation, let's hope it's the case for detroit and the ref of the country if it is we'll thank the chinese for putting a floor on our real estate prices. >>> coming up, we'll get the fear ebola -- we are going to figure out what is going on. we understand the fear. ebola has hit the united states. stocks are sliding. and global unrest and terror concerns are all over the place. they may not seem r
different story than detroit. but is the chinese buying iconic properties in detroit a signal that people should get back in to detroit? >> i think it is. i think that the economy and the world economy tends to follow leaders and at this point in time the chinese team sob a leadeseem to bea slider in inven new york and san francisco and bid up prices very high, they are now seriously looking at detroit and will influence a lot of buyers in china to come back and look at detroit. the...
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Nov 7, 2014
11/14
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that includes saving the detroit institute of art. there was talk about selling off the city's treasures, and they came up with an agreement that avoids doing that. there will in fact be new money spent as part of the plan for blight removal. there are thousands and thousands of homes here in detroit that have just been abandoned as the population dropped from 2 million to $700,000. and there will be more money for police and fire as well. but the big deal is getting those creditors to give up on some of the money that the city owed them. >> hey, john this is plan guaranteed to get detroit out of bankruptcy? what happens if the plan fails? >> reporter: well, here's -- here's the problem, now detroit is going to have toing find some sustainable way to go forward. and they have got a city that is built for 2 million, so they have a water system that is very inefficient, and therefore have some of the highest rates in the country here, and they have lost many of those jobs that drove the auto industry here. the auto industry is smaller a
that includes saving the detroit institute of art. there was talk about selling off the city's treasures, and they came up with an agreement that avoids doing that. there will in fact be new money spent as part of the plan for blight removal. there are thousands and thousands of homes here in detroit that have just been abandoned as the population dropped from 2 million to $700,000. and there will be more money for police and fire as well. but the big deal is getting those creditors to give up...
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Mar 16, 2016
03/16
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detroit has changed me. and for people who say oh, i only attractive the negative of detroit, i beg to differ. i think i show the world that hey, look at me. give me some help. come at me all you want. but detroit is my life, my love. and i will never, ever talk bad about her. >> this story originally aired in 2013. tony now has over 400,000 followers on instagrams. he still documents abandoned buildings in drought but has expanded his work to others be places arld th around the world. the news continues here on al jazeera america. >> we're here to fully get into the nuances of everything that's going on, not just in this country, but around the world. getting the news from the people who are affected. >> people need to demand reform... >> ali velshi on target. >>> >>> >>> >>> >>> this is al jazeera t hello. welcome to the news hour. here is what what is coming up in the next 60 minutes. reports that syria's kurds are declaring autonomy in their heart land along turkey's border. suspects are detained in belg
detroit has changed me. and for people who say oh, i only attractive the negative of detroit, i beg to differ. i think i show the world that hey, look at me. give me some help. come at me all you want. but detroit is my life, my love. and i will never, ever talk bad about her. >> this story originally aired in 2013. tony now has over 400,000 followers on instagrams. he still documents abandoned buildings in drought but has expanded his work to others be places arld th around the world....
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Feb 25, 2016
02/16
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bisi onile-ere, al jazeera, detroit. >> thanks for joining us. for the latest news anytime, head to aljazeera.com. ray suarez is up next with ""inside story"." have a great night. >> in the last lap of his presidency, barack obama is wrapping up unfinished business. like the promises of u.s. senator, candidate and new president, barack obama, to close down the prison at the american naval base at guantanamo bay, cuba. fewer than 100 inmates remain, and some have waited for years for trials, and some are already understood to be not guilty, but have no place to go. but what happens now? a problem of our making, it's the "inside story".
bisi onile-ere, al jazeera, detroit. >> thanks for joining us. for the latest news anytime, head to aljazeera.com. ray suarez is up next with ""inside story"." have a great night. >> in the last lap of his presidency, barack obama is wrapping up unfinished business. like the promises of u.s. senator, candidate and new president, barack obama, to close down the prison at the american naval base at guantanamo bay, cuba. fewer than 100 inmates remain, and some have...
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Sep 1, 2013
09/13
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come here, they have an experience that allows them to see detroit the way detroiters see it. >> the key concept of hostel detroit is paring volunteer ambassadors with visitors for free cultural tours of local art, architecture, music and the hidden gems of the motor city. as the largest city in the country to declare bankruptcy, it takes special locals to show visitors the bright side. the hostel has hosted over 2000 people since opening in 2011. >> you are welcome to come take a look around. >> stops on these tours include the lincoln street art park, previously a burned out lot revised by several local artists. the heidelburg project, a youth-based art installment covering two blocks of what was rubble. and the historic bell isle, a city park along the detroit river. >> our goal with the ambassador program and with the hostel is to show people a great experience in detroit and to change people's minds about detroit one person at a time. >> and their message has traveled halfway around the world, attracting travelers from austria to australia. >> the ambassador program enables you
come here, they have an experience that allows them to see detroit the way detroiters see it. >> the key concept of hostel detroit is paring volunteer ambassadors with visitors for free cultural tours of local art, architecture, music and the hidden gems of the motor city. as the largest city in the country to declare bankruptcy, it takes special locals to show visitors the bright side. the hostel has hosted over 2000 people since opening in 2011. >> you are welcome to come take a...